In his own words
Munger on Learning
6 sourced quotes. All themes →
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up, and boy, does that help, particularly when you have a long run ahead of you.”
“Spend each day trying to be a little wiser than you were when you woke up.”
“You've got to have models in your head, and you've got to array your experience — both vicarious and direct — on this latticework of models.”
“You may say, 'My God, this is already getting way too tough.' But, fortunately, it isn't that tough — because 80 or 90 important models will carry about 90% of the freight in making you a worldly-wise person.”
“I have a name for people who went to the extreme efficient market theory — which is 'bonkers.' It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.”
“I think a life properly lived is just learn, learn, learn all the time.”
Widely repeated; we could not trace it to a specific verified interview.